As is the knowledge of all Panamanians and even worldwide, a new virus has emerged in our world that affects human health that has transcended to affect the national and international economy to the extent that health measures have had to be taken to restrict mobilization in order to try to minimize the spread of this new virus.
The National Government in view of national and international developments has been in need of urgent action to minimize contagion by declaring the State of Emergency throughout the Republic and taking restrictive measures for the mobilization of individuals and even measures of a government and private nature.
In this order of ideas, the decision was taken that those state companies and entities that concentrated a plural number of people, were ordered to temporarily close some of them thus suspending their activities (casinos, parties, lottery, restaurants etc.), also decreeing that employers could suspend the effects of employment contracts, in order to avoid an uncontrollable spread of the virus that could affect the capacity of state medical assistance.
As a result, Law No. 152 of 4 May 2020 was issued, which aims to alleviate the economic situation of those affected by COVID-19.
This law is intended to benefit individuals who:
- The employment contract has been suspended,
- Family income is less than $2,000.00 per month,
- Income has been reduced,
- That the person has been dismissed by a national emergency statement,
- Pensioners and pensioners.
In order to alleviate the economic situation of these people as a result of COVID-19, a moratorium plan was granted for the payment of certain utilities (Electric Power, Fixed Phone, Mobile and Internet), a moratorium that according to the law begins from March 1, 2020 for a period of 4 months, granting you the alternative of being able to pay in a period of 3 years after the period of moratorium , noting that the default period granted would not affect credit history or generate interest at any time.
On the other hand, this law also confers the benefit on workers of those companies that have been ordered to temporarily close their operations to receive a solidarity bond.
